Eitzen Bulk Shipping secured additional 11 year contract with ThyssenKrupp

1 Jun, 2010

Camillo Eitzen & Co ASA (CECO) is pleased to announce that Eitzen Bulk Shipping A/S (74% owned by CECO) has secured an additional 11 year contract with Thyssen Krupp CSA Siderurgica Atlantico Ltda for the transportation of about MUSD 10-15 tons of coal from Atlantic origins to Brazil, over a period of 11 years. The total contract revenue is expected to be approximately MUSD 100 - 150.

Camillo Eitzen & Co ASA